Mortgage servicing rights are tangible assets on the books of the failed institution with responsibilities to administer and manage mortgage portfolios—typically, single-family residential loans—in exchange for a servicing fee. Sales price is based primarily on the discounted value of fee income but also takes into account servicing risk, origination risk, and the right of recourse and repurchase obligation.
Historical Sales Table (2009-2017)
| Sale ID | Date Sold | No. of Loans | Book Value | Sales Price (Gross) | Winning Bidder | Address |
|---|---|---|---|---|---|---|
| 2008-10007-MSA | 2/28/2009 | 682,097 | $2,435,283,223 | $596,086,229 | One West Bank | One West Bank, PO Bx 7056, Pasadena, CA 91109 |
| 2008-10021-MSA | 12/10/2009 | 6,189 | $16,201,426 | $4,547,653 | Green Tree Servicing LLC | 345 Saint Peter St Ste 300, Saint Paul, MN, 55102 |
| 2009-10155-MSA-NS | 9/21/2010 | 20,196 | $39,716,661 | $18,062,250 | Nationstar Mortgage LLC | P.O Box 619098, Dallas, Texas 75261-9741 |
| 2009-10155-MSA-ML | 9/22/2010 | 71,529 | $179,088,939 | $110,272,948 | Met Life Mortgage | P.O. Box 630387, Irving, TX 75063 |
| 2010-10291-MSA | 6/29/2012 | 399 | $930,817 | $44,300 | Colonial Savings F.A. | 2626b W. Freeway, Fort Worth TX, 76102 |
| 2010-10298-MSA | 10/11/2011 | 815 | $767,548 | $501,000 | West Gate Bank | P.O. Box 82603, Lincoln, NE 68501-2603 |
| 2010-10306-MSA | 5/11/2011 | 1,485 | $1,231,705 | $1,054,908 | Penny Mac | 6101 Condor Drive, Suite 200, Moorpark, CA 93021 |
| 2011-10399-MSA | 4/30/2012 | 4,161 | $4,289,871 | $4,530,076 | Royal Credit Union | PO Box 970, Eau Claire, WI 54702-0970 |
| 2015-10513-MSA-GNMA | 6/8/2015 | 31,230 | $47,602,045 | $29,268,175 | Banco Popular | PO Box 362708, San Juan, PR 00936-2708 |
| 2015-10513-MSA-FNMA | 7/9/2015 | 22,716 | $23,943,938 | $23,701,659 | Banco Popular | PO Box 362708, San Juan, PR 00936-2708 |
| 2015-10513-MSA-FHLMC | 6/23/2015 | 4,293 | $2,899,445 | $6,400,505 | Banco Popular | PO Box 362708, San Juan, PR 00936-2708 |
| 2017-10527-MSA-GNMA | 7/17/2017 | 528 | $71,220,692 | $78,343 | Platinum Home Mortgage Corp | 2200 Hicks Road, Suite 101, Rolling Meadows, IL 60008 |
| Totals | 845,638 | $2,823,176,310 | $794,548,046 |